You know I just started a new Home Business and in fact this is really want I want to do? Is it for everyone? No. However my brother and brother-in-law have their own business and way too many problems. First of all the business they have (one being a floor and carpet business) has way too much overhead. What I mean by that is the rent that has to be paid, making sure the shipments of carpet arrive on time and is the proper material, the finance has got to be a mad headache with going C.O.D. or a Net-30 or Net-15 system and making sure you actually receive your check from an individual, the employees (are they happy and productive), etc. Obviously their are a ton more problems (as I call it) going into a business.
With a Home-Based business I really only have to worry about myself as opposed to everyone else. Sure I have a family to worry about and making sure my bills are paid, but I am talking about no boss to listen to, no rent (In fact I can write off part of my mortgage as a tax deductible), no stock to worry about (really depending on your business) but my business their is no stock. I have all my time to put into this job and not worring about anything else.
Is it just that easy? Uh, I think that is a negative. You have to weigh the good with the bad. Now you have to ask yourself what about the income. Without proper income you now have to start worring. Can I get my bills paid? Will I have some money left over to save or to do leisure activities, ect? In my scenario the answer is yes. My spouse works but the bills are paid and we have enough money left over to put into a savings account and spending money. Really you just have to write every bill that you have (and I mean EVERYTHING) down on a piece of paper. This includes gas for your car, groceries, haircuts, cell phone, internet, cable tv, ect. How much income do you have coming in? I am talking about your NET pay and not your gross pay. You can only work with what you have.
